The Central Bank of Nigeria (CBN) Friday, February 19, 2016 clarified that it has not stopped the allocation and sale of Foreign Exchange for purposes of paying school fees and settlement of medical bills overseas.
This information was made available through a press statement signed by the bank’s director of Corporate Communications, Ibrahim Mu’azu.
“The bank therefore urges members of the public to disregard any contrary information in respect thereof,” the statement said.
He regretted that despite assurances from the CBN, some persons have continued to suggest that the bank had stopped the allocation of Foreign Exchange to Nigerians seeking to pay school fees and medical bills overseas.
“The bank urges members of the public to discountenance such misinformation. All genuine users desiring to obtain foreign exchange for the above-mentioned purposes are hereby urged to freely approach their banks with their requests and appropriate documentation,” Mu’azu said.
